The need for continuous and real-time monitoring of gas emission in mines, tunnels, and industrial plants and facilities has propelled the demand for wireless gas detection. The growing demand for wireless framework of the gas detectors is attributed to the ease of deployments in various hazardous conditions such as those faced by military and security personnel. The advent of flexible and scalable wireless gas detection system offers a through multi-point monitoring of toxic gases across a facility or plant. This is bolstering the demand for wireless gas detection system. The stricter implementation of regulations pertaining to workers’ safety in several manufacturing industries, coupled with the need for mitigating risks, has boosted the deployment of wireless gas detection systems in several developing and developed nations. The development of intuitive and user-friendly solutions in wireless gas detection is contributing to its growth in various regions.
The global wireless gas detection market is forecast to rise at a CAGR of 9.4% during the period 2017–2022. Expanding at this pace, the market estimated with worth US$1,130.8
Request for a sample:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31475
Others Product Type Market Segment to Grow at Leading Revenue Annually
On the basis of product type, the wireless gas detection market is segmented into oxygen, carbon dioxide, carbon monoxide, nitrogen oxide, and others. Among these, the other segment hold the major revenue in the market currently. The segment is anticipated to rise from a valuation of US$ 371.2 Mn in 2017 to US$ 493.1 Mn by 2024 end. This will represent an incremental decline in share from 32.8% in 2017 to 30.1% by the end of the forecast period. The segment is expected to expand at a CAGR of 5.8% from 2017 to 2024. This represents an estimated growth of US$ 24.4 Mn annually during the forecast timeline.
North America Expected to be Leading Contributor of Global Revenue
Regionally, North America leads the market vis-à-vis revenue. The regional market is projected to rise from US$ 302.6 Mn in 2017 to reach a valuation of US$ 470.6 Mn by 2024 end. This accounts for a CAGR of 9.2% from 2017 to 2024. The growth is primarily driven by the wide demand for wireless gas detection system for real-time monitoring of gases in various end-use industries. Substantial advancements in communication technologies used in wireless systems such as Wi-Fi and Bluetooth also augurs well for the regional market.
Ask for brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31475
Meanwhile, Europe is predicted to be a prominent market for wireless gas detection as it will create an absolute opportunity of US$128.4 Mn during the forecast period.
Asia Pacific expect Japan (APEJ) Market to Rise at Substantial Pace
The APEJ market is predicted to expand at a significant growth rate during the forecast period. Rising at a CAGR of 10.3% during 2017–2022, this regional market is expected to be worth US$ 358.2 Mn by the end of the forecast period.
On the other hand, the Middle East and Africa (MEA) market for wireless gas detection is likely to lose some share in the coming years. The regional market is anticipated to lose 35 BPS in the share from 2017 to 2024. The MEA is estimated to rise at a CAGR of for 8.7% during the forecast timeline.
Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html
Competitive Analysis
Prominent players operating in the wireless gas detection market are Honeywell International, Inc., Drägerwerk AG & Co. KGaA, Agilent Technologies, Inc., R.C. Systems Co. Inc., Sensidyne, LP, Airtest Technologies Inc., United Electric Controls, Crowcon Detection Instruments Ltd., Pem-Tech Inc., and Otis Instruments Inc. Several companies are focusing on offering user-friendly, intuitive, and scalable solutions for multi-point gas detection in application areas such as oil and gas, chemical and petrochemicals, government and military, mining and metals.
Read Our Latest Press Release:
- https://www.prnewswire.com/news-releases/affordability-and-beneficial-properties-to-serve-as-vital-growth-factors-for-construction-tape-market-during-forecast-period-of-2020-2030-tmr-301221294.html
- https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
